| Selling, general and administrative expenses |
8. Selling, general and administrative expenses Selling, general and administrative expenses include all personnel costs for LuxExperience Group, IT expenses, costs associated with the distribution centers, and other overhead costs. Selling, general and administrative expenses consist of the following: | | | | | | | | | Year ended June 30, | (in € thousands) | | 2023 | | 2024 | | 2025 | Personnel-related expenses | | (119,450) | | (126,366) | | (168,326) | Rental and other facility-related expenses | | (2,668) | | (4,902) | | (13,033) | IT expenses | | (8,911) | | (8,409) | | (28,620) | Insurances and fees | | (3,082) | | (1,901) | | (2,945) | Travel costs | | (2,896) | | (3,501) | | (5,859) | Other transaction-related, certain legal & other expenses (1), (2) | | (5,446) | | (2,366) | | (49,125) | Consulting and other services | | (920) | | (4,247) | | (11,391) | Other | | (4,319) | | (7,600) | | (4,995) | Total Selling, general and administrative expenses | | (147,692) | | (159,292) | | (284,295) |
| (1) | Other transaction-related, certain legal and other expenses represent in fiscal year 2023 and 2024 (i) professional fees, including advisory and accounting fees, related to potential transactions, (ii) certain legal expenses incurred outside the ordinary course of our business and (iii) other non-recurring expenses incurred in connection with the costs of establishing our new central distribution center in Leipzig, Germany. |
| (2) | Other transaction-related, certain legal and other expenses represent in fiscal year 2025 (i) professional fees, including advisory and accounting fees, related to the YNAP Acquisition and other potential transactions and (ii) certain legal expenses incurred outside the ordinary course of our business. |
The total selling, general and administrative (SG&A) expenses increased by €125.0 million from €159.3 million in fiscal year ended June 30, 2024 to €284.3 million in fiscal year ended June 30, 2025. The increase is primarily attributed to the acquisition of YNAP and the associated expenses, including consulting, legal, and accounting advisory fees Share based compensation expenses amounted to €14.3 million for the fiscal year ended June 30, 2025 and €18.5 million for the fiscal year ended June 30, 2024.
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